Name of the Organization : Bahrain Islamic Bank
Type of Facility : Apply For Classic Visa Card
Country : Bahrain
Website : https://www.bisb.com/en
Apply For Classic Visa Card :
BisB provides credit cards that are fully compatible with the principles of Shari’a. Your card can be used worldwide where there is a Visa sign on the windows of shops or retail outlets, hotels, websites and other premises.
Related : Bahrain Islamic Bank Money Market Fund : www.statusin.org/6000.html
Cardholders can also make cash withdrawals at more than a million ATMs and financial institutions all over the world.
In 2014 BisB offers its cardholders with an exciting prize scheme, where points are earned and entries are granted to draws on the following prizes for every BD50 spent using BisB credit cards:
** Extra Salary BD500 every month for a year.
** Tickets to Big International Football matches.
** Travel miles totaling 2,000,000.
Eligibility
BisB credit cards are available to Bahraini and non Bahraini nationals who are currently employed within any organization that is listed on BisB’s Approved List of Employers (ALE).
The general criteria of obtaining a BisB Credit Card is detailed below:
Age of Applicant: 21 years of age at the time of application.
Minimum Work Experience: 4 Months.
Maximum DSR (Debt Service Ratio): The total debts of the customer including all existing installments, new installment and 5% of the credit card and over draft limits, should not:
** exceed 50% of the monthly income for individuals with salaries of BD3,000 per month or less.
** exceed 60% of the monthly income for individuals with salaries above BD3,000 per month.
Residence Permit (non Bahraini individuals)
Required Documents:
To apply for BisB credit cards, applicants must provide the following documents
Employed:
If you are an employee of an organization or institution, you will require the following documents:
** Two valid Identifications.
** Latest 3 months Pay Slip.
** Latest 3 months Bank Statement.
** Latest Salary Certificate.
** Residence Permits (non Bahraini individuals).
** Signed Promissory Note.
** Signed Credit Report Bureau (CRB – Benefit) form.
Self Employed:
If you are self employed, you will require the following documents:
** Two valid Identifications.
** The Commercial Registration (CR).
** Latest 6 months Business Bank Statement.
** Memorandum and Articles of Association.
** Signed Promissory Note.
** Signed Credit Report Bureau (CRB – Benefit) form.
About Us :
Bahrain Islamic Bank (BisB) was established in 1979 as the first Islamic commercial bank in the Kingdom of Bahrain; the authorized capital is BD 200 million and paid up capital is BD 97.4 million. Since its inception, BisB has recorded a steady growth. At the end of 2015, the shareholders’ funds reached nearly BD 110 million Bahraini Dinars, with assets in excess of BD 976 million.
The Bank has been maintaining its leading position in the Islamic banking sector through adopting innovative Islamic investment and financing products, supported by superior retail and corporate banking services.
Contact Us :
Bahrain Islamic Bank (BisB)
Headquarters
Road 1708
Block 317
Building 722
Al Salam Tower, Diplomatic Area
P.O. Box 5240
Manama, Kingdom of Bahrain